Your TRS qualifying period starts on the day the money is drawn down.
Date of 1st repayment on this loan account.
Thanks Liam, sounds like I'm wrong then and Betsy is correct about the treatment. I think this creates a number of anomalies and inconsistencies.
I drew down my mortgage at the beginning of August, First repayment due end of September but first repayment not taken until 1st week in October. On this basis, do I just take 3 months interest (October/November/December) when calculating the amount of TRS I should get or do I take four (September - December). No-one seems to know the definite answer
Any ideas??
I believe you don't qualify until you pay interest. You don't pay interest until you start repayments. The [broken link removed] claim form requests you to enter the
Well the other way to look at it is that you pay interest in arrears, so the interest paid in January, is really interest for December/January.